Categories: Business

Jio profit jumps 183 percent to rs 2520 crore

Photo: FILE

Jio profit jumps 183 percent to rs 2520 crore

new Delhi. In the first quarter of the current financial year, the results of Reliance Jio, which has become the most favorite investment for the global investors, have also been excellent during this period. In the quarter ended June, the net profit of Reliance Jio's digital company Reliance Jio jumped nearly 183 percent to Rs 2,520 crore. This is the 11th consecutive quarter when the company has reported a profit. The company had reported a profit of Rs 891 crore in the same quarter of the previous financial year. The company's profit growth has come due to increasing number of customers, benefit of increased fees and cost relief from reducing debt.

The company's revenue from operations also increased by 33.7 percent to Rs 16,557 crore during the quarter. The total number of customers of the company increased to 39.83 crores by 30 June 2020. The average revenue per customer company during the second quarter ie ARPU stood at Rs 140.3 per month. During the quarter ended March, the figure was Rs 130.6 per user per month. During this period, EBITDA grew by 55.4 per cent over the previous year to Rs 7281 crore. The average data consumption has increased from 11.3 GB to 12.1 GB over the previous quarter due to the lockdown.

Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries said, "Jio started with the intention of giving digital connectivity benefits to everyone in India by creating a strong and secure wireless and digital network. Now thirteen investors, including the largest technology companies and global investors, share this vision with us. " Is ready to register a rapid growth of.

This post was published on July 31, 2020 1:03 am

Content Team

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